TREND: The trend for December corn is revised to sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 54,244 contracts as of September 9, an increase of 1,789 contracts as traders were holding positions steady ahead of the USDA report on September 12.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 85,990 contracts as of September 9, a decrease of 1,824 contracts week over week. The December 2025 contract is priced 17 cents lower than the March 2026 contract, a spread that narrowed slightly through the week on the expectation of slightly lower production to be estimated by USDA. DTN's National Corn Index implies a corn basis of 42 cents under the December...
DTN's Daily Basis Comments
Corn, Soybean Basis Unchanged
Corn, soybean, spring wheat, HRW wheat and soft red winter wheat basis was steady Friday.